Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (9.5) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 27.0%. Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (97.6%), homeowners (0.2%), comm multi (0.1%), other (2.1%)
Licensed in:
All states except AL, FL, IL, MA, MI, NH, PA, VT, WY
Principal Investments:
Investment grade bonds (93.8%), common stock (5.6%), non investment grade bonds (0.5%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
300 N. Commons Blvd.
Mayfield, OH 44143
Mayfield, OH 44143
Phone Number
(440) 461-5000
NAIC Number
42919
Website
Largest Affiliates